Celtic Charms Inc
- Assets
- $62.1k
- Revenue
- $93.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Albemarle, NC
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 27-2039852
Organization Overview
Celtic Charms Inc is located in Albemarle, NC. The organization was established in 2010. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Celtic Charms Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Celtic Charms Inc generated $93.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $70.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CELTIC CHARMS, INC.'S ("CELTIC CHARMS") MISSION IS TO PROVIDE CARE FOR EQUINES PREVIOUSLY ENGAGED IN ITS THERAPEUTIC RIDING ACTIVITIES AND/OR FOR EQUINES IN NEED OF ASSISTANCE DUE TO NEGLECT AND/OR THE INABILITY OF PREVIOUS OWNERS TO PROVIDE A PROPER LEVEL OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, CELTIC CHARMS CONTINUED PROVIDING LOVING CARE TO THE NINE EQUINES PREVIOUSLY PART OF ITS ACTIVE RIDING PROGRAM IN THEIR NEW NORTH CAROLINA HOME. AGRONOMIC WORK ON GRAZING AREAS AND THE ADDITIONAL PADDOCK FENCING CONTINUED AT THE NEW FACILITY. ALL CAPITAL COSTS WERE INCURRED BY THE LESSOR, CELTIC CHARMS EQUESTRIAN CENTERS LLC, WHICH IS WHOLLY OWNED BY THE EXECUTIVE AND PROGRAM DIRECTORS, THE TWO FOUNDERS OF CELTIC CHARMS. OVERALL PROGRAM EXPENSES INCREASED BY APPROXIMATELY 1.5%. EQUINE COSTS, SPECIFICALLY FEED, WERE HIGHER DUE TO SPECIAL DIETARY NEEDS FOR THE HORSES AS THEY AGE. MAINTENANCE COSTS WERE ALSO HIGHER DUE TO INFLATIONARY COST INCREASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Landuyt President, Executive Director, Trustee | OfficerTrustee | 50 | $0 |
Mark Alexander Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Wallace Conover Trustee | Trustee | 1 | $0 |
Christine Landuyt Program Director, Evp | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,536 |
| Total Program Service Revenue | $10,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29 |
| Advertising and promotion | $536 |
| Office expenses | $0 |
| Information technology | $1,386 |
| Royalties | $0 |
| Occupancy | $13,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,331 |
| All other expenses | $0 |
| Total functional expenses | $69,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,593 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,109 |
| Accounts payable and accrued expenses | $4,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,825 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $57,284 |
| Total liabilities and net assets/fund balances | $62,109 |